Redmont Wealth Advisors LLC Buys 302 Shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Redmont Wealth Advisors LLC boosted its stake in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,900 shares of the company’s stock after acquiring an additional 302 shares during the period. iShares Core MSCI Emerging Markets ETF accounts for about 1.2% of Redmont Wealth Advisors LLC’s holdings, making the stock its 22nd biggest position. Redmont Wealth Advisors LLC’s holdings in iShares Core MSCI Emerging Markets ETF were worth $872,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IEMG. Ables Iannone Moore & Associates Inc. bought a new position in shares of iShares Core MSCI Emerging Markets ETF in the fourth quarter worth $28,000. Central Bank & Trust Co. bought a new stake in iShares Core MSCI Emerging Markets ETF during the 4th quarter worth approximately $39,000. GW&K Investment Management LLC lifted its stake in iShares Core MSCI Emerging Markets ETF by 34.8% in the 4th quarter. GW&K Investment Management LLC now owns 809 shares of the company’s stock worth $41,000 after purchasing an additional 209 shares in the last quarter. Vima LLC bought a new position in iShares Core MSCI Emerging Markets ETF in the 4th quarter valued at $52,000. Finally, Horizons Wealth Management increased its holdings in shares of iShares Core MSCI Emerging Markets ETF by 393.5% in the fourth quarter. Horizons Wealth Management now owns 1,377 shares of the company’s stock worth $70,000 after purchasing an additional 1,098 shares during the period.

iShares Core MSCI Emerging Markets ETF Price Performance

iShares Core MSCI Emerging Markets ETF stock traded up $0.75 during mid-day trading on Wednesday, hitting $54.54. The company’s stock had a trading volume of 5,075,174 shares, compared to its average volume of 10,043,713. The business has a 50 day moving average price of $53.32 and a 200-day moving average price of $51.36. iShares Core MSCI Emerging Markets ETF has a 12 month low of $45.57 and a 12 month high of $55.03. The stock has a market cap of $80.72 billion, a price-to-earnings ratio of 11.74 and a beta of 0.85.

About iShares Core MSCI Emerging Markets ETF

The iShares Core MSCI Emerging Markets ETF (IEMG) is an exchange-traded fund that is based on the MSCI Emerging Markets IMI index, a market-cap-weighted index of emerging-market firms, covering 99% of market capitalization. IEMG was launched on Oct 18, 2012 and is managed by BlackRock.